The City and Industrial Development Corporation of Maharashtra (CIDCO) will develop a 337-acre township in Palghar, Maharashtra. This will be a newly designed satellite township nearly 115 km from Mumbai. It will be the second township after Navi Mumbai, which started developing in the 1970s. The township development would be on 337 hectare, handed to CIDCO in lieu of building the district headquarters, at an expenditure of Rs 1,000 crore. CIDCO has received 400 hectare, of which 70 hectare is sea-facing land. The 337 hectare that can provide 35 Oval Maidans is on the opposite side of the latest developed district HQ spread above 103 hectare. Sanjay Mukherjee, MD, CIDCO, said Mumbai Metropolitan Region Development Authority (MMRDA) is planning the authority region and wants Palghar to be a residential township. Including the terminal station for the Bullet train in BKC, MMRDA proposes shifting its back office to Palghar. So that its workers can live and operate there and travel by the Bullet train to BKC if needed. Mukherjee said that they are unable to predict the market due to the Covid pandemic. So, they have invited stakeholders to understand their viewpoints and get to know what the market demands, like IT companies, educational sectors, etc, to create the right product mix for Palghar. The draft project is ready. Depending upon the answer, CIDCO may permit four to five master developers to establish the township. Mukherjee wants Palghar to be a walk-to-work point. The city currently includes its industrial area as well. The Trans MIDC Industries Association (TMIA) represents industries in the Thane-Navi Mumbai area and said that notified industrial areas should be excluded from the future civic body, the new Palghar city municipality. Image Source Also read: CIDCO housing scheme: Allotment to begin from July 1 Also read: Godrej Properties buys 18-acre parcel to build housing project